Can I retire at age 68 with 873,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $873,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%12.5%
1 years$72,092$71,449$70,823$70,211$69,614$68,887
2 years$35,689$35,024$34,380$33,755$33,150$32,418
3 years$23,556$22,889$22,246$21,627$21,031$20,317
4 years$17,491$16,826$16,190$15,581$15,000$14,308
5 years$13,853$13,191$12,564$11,968$11,403$10,736
6 years$11,428$10,772$10,153$9,571$9,023$8,382
7 years$9,697$9,046$8,437$7,869$7,338$6,724
8 years$8,399$7,754$7,156$6,601$6,087$5,499
9 years$7,390$6,751$6,163$5,623$5,126$4,564
10 years$6,584$5,951$5,373$4,847$4,368$3,832
11 years$5,924$5,298$4,730$4,218$3,757$3,245
12 years$5,375$4,755$4,198$3,700$3,255$2,769
13 years$4,911$4,297$3,751$3,266$2,839$2,376
14 years$4,513$3,906$3,370$2,900$2,488$2,049
15 years$4,169$3,568$3,043$2,586$2,191$1,775
16 years$3,868$3,274$2,759$2,315$1,936$1,542
17 years$3,602$3,015$2,510$2,080$1,717$1,344
18 years$3,367$2,786$2,292$1,875$1,527$1,174
19 years$3,156$2,582$2,098$1,694$1,361$1,028
20 years$2,967$2,399$1,925$1,534$1,215$902
21 years$2,796$2,235$1,771$1,392$1,088$793
22 years$2,641$2,086$1,632$1,266$975$697
23 years$2,499$1,951$1,507$1,153$875$614
24 years$2,370$1,828$1,394$1,052$787$542
25 years$2,251$1,716$1,291$960$708$478
26 years$2,141$1,612$1,197$878$638$423
27 years$2,040$1,517$1,112$804$575$374
28 years$1,946$1,430$1,033$736$519$330
29 years$1,858$1,349$962$675$468$293
30 years$1,777$1,274$896$620$423$259
31 years$1,701$1,204$835$569$383$229
32 years$1,630$1,140$779$523$346$203
33 years$1,563$1,079$728$481$313$180
34 years$1,501$1,023$680$443$284$160
35 years$1,442$970$636$407$257$142
36 years$1,387$921$595$375$233$126
37 years$1,334$875$556$346$211$112
38 years$1,285$831$521$319$191$99
39 years$1,238$790$488$294$173$88
40 years$1,194$752$458$271$157$78
41 years$1,151$716$429$250$143$69
42 years$1,111$682$403$231$129$62
43 years$1,073$649$378$213$118$55
44 years$1,037$619$355$197$107$49
45 years$1,003$590$333$182$97$43
46 years$970$563$313$168$88$38
47 years$938$537$294$155$80$34
48 years$908$513$276$143$73$30
49 years$880$490$259$132$66$27
50 years$852$468$244$122$60$24

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 68 starting with $873,000, adding $6,026 every year, while hoping to spend $28,803 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 61/28/11 Blend
67$873,000$873,000$873,000$873,000
68$968,262$921,993$908,461$1,024,476
69$1,036,378$936,524$908,249$1,077,445
70$1,110,477$950,802$907,063$1,131,391
71$1,191,139$964,785$904,843$1,189,547
72$1,279,001$978,425$901,521$1,252,320
73$1,374,765$991,673$897,028$1,320,160
74$1,479,204$1,004,479$891,291$1,393,562
75$1,593,169$1,016,784$884,235$1,473,073
76$1,717,595$1,028,530$875,781$1,559,297
77$1,853,514$1,039,651$865,843$1,652,896
78$2,002,059$1,050,081$854,335$1,754,605
79$2,164,479$1,059,745$841,166$1,865,230
80$2,342,150$1,068,567$826,239$1,985,663
81$2,536,585$1,076,463$809,454$2,116,885
82$2,749,452$1,083,345$790,706$2,259,980
83$2,982,587$1,089,120$769,886$2,416,142
84$3,238,012$1,093,687$746,878$2,586,688
85$3,517,952$1,096,941$721,561$2,773,070
86$3,824,861$1,098,769$693,811$2,976,889
87$4,161,439$1,099,051$663,496$3,199,910
88$4,530,661$1,097,660$630,479$3,444,081
89$4,935,804$1,094,460$594,615$3,711,547
90$5,380,476$1,089,308$555,754$4,004,676
91$5,868,653$1,082,053$513,740$4,326,079
92$6,404,714$1,072,532$468,409$4,678,632
93$6,993,483$1,060,574$419,589$5,065,509
94$7,640,274$1,045,999$367,102$5,490,209
95$8,350,943$1,028,613$310,760$5,956,589
96$9,131,937$1,008,213$250,368$6,468,904
97$9,990,362$984,583$185,723$7,031,842
98$10,934,046$957,495$116,612$7,650,575
99$11,971,613$926,706$42,813$8,330,805
100$13,112,564$891,961$0$9,078,815